This chemical is primarily used in the synthesis of chiral catalysts, which are essential in asymmetric organic reactions. It plays a significant role in the production of pharmaceuticals, particularly in the development of enantiomerically pure drugs. The compound is also utilized in the preparation of ligands for metal-catalyzed reactions, enhancing the efficiency and selectivity of these processes. Additionally, it finds application in research and development for studying stereochemistry and reaction mechanisms. Its unique structure makes it valuable in the field of organic synthesis, contributing to advancements in medicinal chemistry and material science.